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U.S. sanctions against Russian banks will not affect their Armenian

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  • U.S. sanctions against Russian banks will not affect their Armenian

    U.S. sanctions against Russian banks will not affect their Armenian
    subsidiaries - businessman says


    YEREVAN, July 31. / ARKA /. A prominent Armenian businessman called
    today on Armenia's business community to not be bothered by new U.S.
    sanctions against Russia targeting its energy, banking and defence
    sectors.

    Arsen Ghazaryan, the chairman of the Union of Industrialists and
    Entrepreneurs, said to reporters that VTB Bank (Armenia) and
    Areximbank -Gazprombank Group, two local Russian-owned banks are
    under the jurisdiction of Armenia, although their main offices are in
    Russia.

    "They work under the laws of Armenia, get profit and pay taxes here," he said.

    Earlier the U.S. Embassy in Armenia provided more details to Armenian
    government and local companies about sanctions imposed by Washington
    against Russia over the Ukrainian crisis. -0-


    - See more at: http://arka.am/en/news/economy/u_s_sanctions_against_russian_banks_will_not_affec t_their_armenian_subsidiaries_businessman_says/#sthash.QjUrfTyx.dpuf


    From: Baghdasarian
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